Collective Action

1. What's Changed

1.1. Communication tools

1.1.1. Examples

1.1.1.1. One to one communication tools

1.1.1.1.1. Letters

1.1.1.1.2. Telephone calls

1.1.1.2. One to many communication tools

1.1.1.2.1. Proto Web

1.1.1.2.2. Broadcast tools

1.1.1.3. Many to many communication tools

1.1.1.3.1. New Web

1.1.2. Effects

1.1.2.1. Fast group forming

1.1.2.2. Lowered transaction costs

1.1.2.3. Institutions have new characterisitics

1.1.2.3.1. Example